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2 Nov 2009 07:00
For immediate release
2 November 2009
Sanderson Group plc
Trading Update:
"A good finish to the 2009 financial year"
Sanderson Group plc ('Sanderson'), the software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland, announces the following trading update ahead of the announcement of its results for the twelve month trading period ended 30 September 2009, which will be issued in early December 2009.
Since early August, when the Board announced that a new term debt facility had been agreed with the Royal Bank of Scotland, the Group has experienced an improvement in trading. In contrast to the general instability and uncertainty which prevailed across the wider economy in the late summer of 2008, the Group has enjoyed a strong finish to the financial year just ended and the Board anticipates that the trading performance for the year as a whole, will be slightly ahead of current market expectations.
Although still at an early stage, the new financial year has seen this improved trading momentum continue, with a number of key new orders having been either won, or in the latter stages of negotiation.
The Group continues to be cash generative and its robust business model, underpinned by strong pre-contracted recurring revenues places the business in a favourable position to grow organically as markets improve.
-ends-
Enquiries:
Christopher Winn, Executive Chairman
Sanderson Group plc - 02476 555466
Paul Vann
Winningtons Financial - 0117 920 0092
Mark Taylor / Ben Johnston
Charles Stanley Securities - 020 7149 6000
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